ISLAMABAD: The World Bank has approved $200 million in financial assistance for Pakistan.
According to the World Bank, this amount has been approved for the rehabilitation and reconstruction of the flood victims, which will be spent on the flood victims of Khyber Pakhtunkhwa.
The World Bank says that funds have been approved for the construction and development of rural areas of Khyber Pakhtunkhwa, the money will benefit 5.5 million flood victims of Khyber Pakhtunkhwa.
According to the World Bank, the effects of August 2022 floods and policy uncertainty in Pakistan have affected production.
A World Bank report released on June 7 said that the effects of the August 2022 floods and policy uncertainty in Pakistan have affected production, with foreign exchange shortages to pay for imported food, energy and raw materials while industrial production fell in March. 25 percent by 2023.
It should be noted that earlier the Islamic Development Bank had announced to give 4 billion 20 million dollars for the reconstruction and rehabilitation of the flood-affected areas of Pakistan.